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Iran says US claims on Hormuz reopening aim to manipulate oil prices

A photo illustration taken in Nicosia on May 4, 2026, shows a person in front of a large screen displaying vessel movements in the Strait of Hormuz on a ship-tracking website. (AFP File Photo)
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A photo illustration taken in Nicosia on May 4, 2026, shows a person in front of a large screen displaying vessel movements in the Strait of Hormuz on a ship-tracking website. (AFP File Photo)
August 29, 2026 10:12 AM GMT+03:00

Iran’s Revolutionary Guard Corps (IRGC) Navy said Friday that U.S. claims that the Strait of Hormuz is open are “lies” aimed at manipulating oil prices and concealing Washington’s failures.

In a statement carried by Iran’s state broadcaster IRIB, the IRGC Navy said U.S. officials had made “false and misleading” statements about the status of the waterway.

“Statements by American officials regarding the opening of the Strait of Hormuz are an outright lie, aimed only at manipulating oil prices and covering up their failures,” it said.

The IRGC Navy said its control of the strategic waterway was “decisive,” asserting that the strait would remain closed to all vessels seeking to pass without coordination with Iran.

It said the measure would continue until the end of “the evil actions” of the U.S. military against Iran and until commitments outlined by Tehran are fulfilled.

An infographic titled "Disruption in Strait of Hormuz multiplies LNG shipping costs" created in Ankara, Türkiye on August 5, 2026. (AA Graphics)
An infographic titled "Disruption in Strait of Hormuz multiplies LNG shipping costs" created in Ankara, Türkiye on August 5, 2026. (AA Graphics)

US says shipping lanes open

U.S. Central Command (CENTCOM) said Thursday that internationally recognized shipping lanes in the Strait of Hormuz are open after American forces cleared sea mines from the waterway.

U.S. President Donald Trump said Thursday that millions of barrels of oil continue to pass through the waterway despite tensions with Iran.

“The strait is open. The Strait of Hormuz is open. We have control, and we have the blockade,” Trump said in remarks at the White House.

“We're taking a lot of boats,” he added. “Millions and millions of barrels of oil are coming out of the strait every day.”

The Strait of Hormuz is a major global energy chokepoint linking the Gulf with the Gulf of Oman and the wider Arabian Sea.

Tehran links reopening to US commitments

Iranian President Masoud Pezeshkian said Friday that Tehran had agreed with Oman on a passage route through the strait and would reopen the strategic waterway if the United States fulfilled its commitments under the Islamabad Memorandum signed in June.

The two littoral countries have been holding talks on an arrangement to manage shipping through the waterway since the signing of the memorandum.

Under that deal, the United States and Iran agreed to extend an April cease-fire and gradually allow shipping through the strait to return to its prewar levels.

August 29, 2026 10:12 AM GMT+03:00
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